SWELECT Energy evaluates entry into wafer manufacturing business
SWELECT Energy Systems is evaluating entry into the solar wafer manufacturing segment as part of its renewable energy expansion strategy. The company sees wafers as a less complex and more scalable opportunity compared to solar cells, with fewer regulatory challenges. The move aligns with India’s policy push under MNRE, which may include wafers under ALMM norms from June 2028, supporting domestic manufacturing as solar capacity rapidly expands.
